| Consumer Credit Lawsuits Up 194% from Five Years Ago |
| (12 Jul 2012)
The latest available data from the federal courts show that in May of this year there were 890 new consumer credit lawsuits filed, most under the Fair Debt Enforcement Act and Fair Credit Reporting Act.
According to the case-by-case civil enforcement information analyzed by the Transactional Records Access Clearinghouse (TRAC), this count was 12.4 percent higher than the previous month when 792 cases of this kind were filed. The volume of such litigation is averaging 194 percent higher than what it was five years ago in May 2007.
During the first eight months of fiscal year 2012, a total of 6,256 consumer credit lawsuits were filed. In the Central District of California (Los Angeles), 600 such suits have been filed so far this fiscal year, more than in any other district. Relative to its population, the District of Colorado (Denver) led the nation in terms of the rate at which such suits were filed, with over four times the average for the country for fiscal year 2012. To read the full report, including a list of those districts in which lawsuits of this kind were filed with the greatest and lowest rates relative to population this fiscal year, go to: http://trac.syr.edu/tracreports/civil/285/Each month, TRAC offers a report focused on one area of civil litigation in the U.S. district courts. In addition, subscribers to the TRACFed data service can generate custom reports by district, office, nature of suit or federal jurisdiction. To start, go to: http://trac.syr.edu/interpreter?tab=civilTo keep up with TRAC, follow us on Twitter @tracreports or like us on Facebook: http://facebook.com/tracreportsTRAC is self-supporting and depends on foundation grants, individual contributions and subscription fees for the funding needed to obtain, analyze and publish the data we collect on the activities of the US Federal government. To help support TRAC's ongoing efforts, go to: http://trac.syr.edu/sponsor/ |
 |
 |
 |
 |
 |
 |
 |
 |
Copyright 2016